Packaging Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The packaging automation market is expected to grow at a CAGR of 5.7% over the forecast period (2021-2026). Over the last few decades, production lines across the world have undergone a significant transformation, with the advent of automation and robotics. High levels of competition and growing focus on reducing the turnaround time have prompted manufacturers across the world toward automation, in a bid to retain high levels throughput and efficiency.

• The industries are focusing on gaining a higher cost realization by achieving higher efficiency and cost reduction in the overall operation. Labor wage is one of the large chunks of expense for any manufacturer. The trend toward less staff per line has been driving the need for intuitive control units, such as Human & Machines (HMI), to Interact with multi-touch. Hence, by adopting packaging automation systems, manufacturers gain efficient and cost-effective packaging solutions.
• Companies are now adopting industry 4.0, and it is coupling with the rise in need for supply chain integration. Manufacturers are moving toward packaging automation solutions due to their ability to interact with the stakeholders and the optimization of complicated logistics schedules.
• Further, motion control being used in packaging processes have been traditionally mechanical, tasks such as palletizing rely on the hydraulics and pneumatic to operation. However, with the advent of automated robotic palletizer, manufacturers can achieve greater productivity by allowing machines to synchronize seamlessly. Additionally, programmable logic controllers (PLCs) provide a noise-free and inexpensive method of motion control.
• Also, HMI interfaces such as speech recognition, motion sensors, and other similar peripheral devices allow the exchange of factor data through SCADA software solutions enabling the operators to get instant access to HMI information and remotely monitor the production. These instances improve the efficiency of packaging processes and are expected to drive the growth of the market.
• However, the advantages of adopting the packaging automation systems are significant and driving the market, but the requirement of higher initial capital is restricting smaller organizations for its adoption. Further, amidst the pandemic.

Scope of the Report

Packaging Automation refers to the procedure of packaging a product without the need for human assistance. Packaging Automation applications range from individual equipment to complete packaging lines. The study's scope for the packaging automation market is limited to hardware solutions for different applications in a wide range of industries globally. Software solutions and after-sales servicing are not considered for market estimation.

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Key Market Trends

Pharmaceutical Industry to Show Significant Growth

• The pharmaceutical industry is now investing more toward the packaging automation solutions to improve production efficiency. According to the Evolution of Automation, produced by PMMI, less than 50% of the pharmaceutical and medical device companies have inline integration. Hence, there is a huge opportunity for packaging automation vendors in the pharmaceutical industry.
• A recent study by FDANews stated that around 80% of the deviations observed could be attributed to human error. Also, in the United States, 90% of the prescriptions have generic drugs, but only generates 28% of the revenue of the pharmaceutical revenue, resulting in an increasing demand for small batch production. With the packaging automation, consistent quality, even for small batch production, can be achieved.
• The adoption of industry 4.0 in the pharmaceutical industry has shown significant growth. Its ability for continuous process control for all the operations, including packaging, provides analytical insights and helps in drawing quicker decisions where attention is needed and reduces human interventions.
• Further, with the decreasing cost of robotics systems such as parallel robots, arms robots, the pharmaceutical companies are starting to accept the fiscal advantages of robotics components over the obsolete equipment as they offer automation with sustainability and flexibility.
• According to the Italian Packaging Machinery Manufacturers Association report in 2018, the filling and FFS type of pharmaceutical packaging machinery together covered more than 65% share.

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